Savannah morning news. [volume] (Savannah) 1868-1887, 1887-01-17
ALABAMA OENTitAL CITY.

| Selma on the t.oad TO Prosperity,
SELMA, Jan. 13.-Selma Is one of tha
| oldest and largest centres Of population 1
in Alabama. 1t is beautifully situated
on high bluff of the Alabama river, 1t ia
as level as table, in every way it
has a splendid location.
With her six dIverglng railroads, and
soon TO be the only city 81 uat on a
grand trunk line, which is now being con-
structed fr'm Mobile, aud wnlcn will
soon be completed. Selma commands rail.
road facilities such as afford her exc |.
lent advantages Tor the shipments of her
products from and ber goods 10 tha
city. Again, she Is situated at the
mead OF an uninterrupted navigation on
the Alabama river, which affords ner au
outlet TO the gulf with only 300 miles to
be Travelled.
But not only is Selma blessed with
these advantages. Gifted as she IL with
a mineral greatness and atural resources
sucn as but few SOuJhern cities
command, and such as will and
nas bsgun her upbui't ing az
great iron and manufacturing
city, Selma has awakened TO tue pOssi-
bilIties OF her great achievements, and
many are the schemes that have rec, ntly
been put form 10 develop her into an iron,
coal, aud manufacturing cry. Within
thirty miles OF the CANADA mineral lands,
In which are found IN InexaAustiDle cup
plies the red and brown bematite iron
OTes, also immense coal beds and marb
quarries. Selma has at her very doors
every ingredient necessary for the pro-
duction Of the best OF pig IRON.
Little further north, and living In
close proximity TO the iron, coal and
marble beds, there is found a seam OF
coal, which by analysis has proven to
pOssess q steam beating power possessed
by no Other coal in the world, also a supe-
rlOrity over all other know Goals for the
making Ol coke.
Approaching these gifted mineral re-
sources, tOgetner with Tue splendid ad.
vantages afforded tor developing them,
a number of Selma and Northern cap
italists have formed company,
aud will ~ once build the Selma
and Cahaba Valley railroad. The people
suddenly aroused 10 u knowlege OF tna
magic boom that such q ~ lrOad would
give TO the central cir II Alabama,
seemed 30 grow wild witE enthusiasm.
The first lana synd cate 80 sooH as a
charter can be ObtaIned will organize
with a capital stock OF between $40O,O00
and 5000 and two others with capital
stock OF $2jO,0O0 and $3OO,0OO, Will aso
organize in few days. Thus it is
SHOWN tnat during period OF
less than lour days three land syndi.
Gates have been form, d, the aggregate
capital stocks for which will amount to
about $4,000. Applications are CONSTANT
ly Deln. made in person, by letter and
telegraph for shares IN the stock. and
people here and elsewhere are actually
begging interesl In the three land syndi-
Gates. Iron companies from all parts OF
the Union are CORE spending by mail and
wire as TO what mineral resources and
natural advantages Selma possesses 10
become q great iron city.
A meeting Of the stockholders OF the
Selma and CANADA Valley railroad will
take place here on Jan. II, at which time
the officers OF The company will be- elected,
and the ORGANIZATION Will be .
perfected. This done. the dirt along
the right Of way will n once com
mence 10 be lifted, and two iron furnaces
wall at once be erected, with Others soon
to follow. Real estate has quadrupled Ia
price within the last week, and people
are greedIly gobbling UP every foot OF
land inside and near the corporate limits,
Transfers amounting 10 thousands aud
thousands Of dollars are daily taking
place.
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